【单选题】When graphing firm value against debt levels, the debt level that maximizes the value of the firm is the level where
A.
the increase in the present value of distress costs from an additional dollar of debt is greater than the increase in the present value of the debt tax shield.
B.
the increase in the present value of distress costs from an additional dollar of debt is equal to the increase in the present value of the debt tax shield.
C.
the increase in the present value of distress costs from an additional dollar of debt is less than the increase of the present value of the debt tax shield.
D.
distress costs as well as debt tax shields are maximized.
【简答题】A company with no interest-bearing debt enters into a finance lease on the first day on the reporting year. The lease requires a year-end payment of $175,000 for 10 years. In the second year of the le...